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Excellent Investment with Dual Income and Development Potential, 1,169m² on a Corner!
- 5 Beds
- 2 Baths
This pair of semi-detached homes is a must-see for investors and developers alike. Set on a combined 1,169sqm corner site with no easements except party wall rights A & B and a great location close to the Munno Para Shopping City and a range of schools, this is a great opportunity for those seeking a dual income or opportunity to make a profit.
Currently, there are two homes set on the site. Number 93a offers three bedrooms, one with a built-in closet, a separate living space and combined kitchen and dining area all with timber floors. A single bathroom with separate toilet and laundry room complete the floorplan. This home is currently on a fixed lease until 5/9/18 at $185 per week.
Number 93 offers two good-sized bedrooms, a single bathroom with separate toilet and laundry room. There is a separate living room and a neat and tidy kitchen with dining space, plus timber floors. This home was previously on a periodic lease at $190 per week.
Savvy investors might want to make the most of this dual income potential by continuing to offer both properties to the rental market. Tenants are sure to love the large, fenced rear yards and great central location close to everything they could need. Schools, parks and shops are all just a short walk or drive away.
For developers, the large site offers plenty of room for a multiple dwelling development (subject to council consent) and keep existing or complete a high density development. The 1169sqm approximate block offers plenty of potential for whatever you can dream to create on this flat site that is so close to the heart of town.
Council / City of Playford
Built / 1965 (approx)
Land / 1169 sqm (approx)
Building / 150 sqm (approx)
Easements / Party Wall Rights A & B
Currently Rented at / $185pw (93a Whitington)
Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.
Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Golden Grove, Greenwith, Gulfview Heights, Hillbank, Ingle Farm, Mawson Lakes, Modbury Heights, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Para Hills West, Paralowie, Pooraka, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights, Smithfield, Walkley Heights, Wynn Vale.
Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
1,169m² / 0.29 acres
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